Bob Iger's return to CEO of the Walt Disney Co. was something he said he was 'very, very surprised' by, according to a Time magazine interview published Thursday.
CFRA Director, Equity Research Kenneth Leon and New Street Research Managing Partner Jonathan Chaplin debate whether Disney or rival Comcast is the better stock for investors to hold on 'The Claman Countdown.'was something he said he was "very, very surprised" by, according to Time magazine.
Iger, named one of the world’s 100 most influential individuals by Time, returned to Disney to take on the CEO job in November, havingfrom 2005 to 2020 and the role of executive chairman through 2021. He took over for longtime company exec Bob Chapek, who led the company since February 2020. "It was not something I was contemplating," he told Time. "I had been out for about a year, 11 months. The chairman of the board of Disney set up a call with me."his wife "immediately questioned what it would be about" when he told her about the company reaching out to him, according to the outlet.
Disney said in the press release announcing Iger’s reappointment that its board had tasked him with setting the "strategic direction for renewed growth" and helping find and develop his successor. Iger is working under a two-year deal. it would be undertaking a massive reshuffle.
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